|Day Low/High||7.99 / 8.35|
|52 Wk Low/High||2.80 / 8.34|
The deal drives home the importance of cutting-edge optical component and module technology to networking hardware vendors. It also might strengthen Cisco's sales pitch to cloud giants.
The price of INFN is spiking again today in response to positive quarterly earnings from the communications equipment maker.
These names are showing either bullish or bearish reversal patterns.
These names are showing bullish or bearish reversal patterns over the past week.
Some quick hits to ponder as you get ready for that second cup of Morning Joe -- and by that I mean coffee, not the program. PayPal & Visa have struck a deal for PayPal to offer a debit card in Europe. Ah, Cashless Consumption continues to gain gro...
HPE was stung by soft cloud server demand, and might cut its losses. Palo Alto is rebounding after a rough start to 2017, and Box and Ciena continue executing well.
I think ACIA's share price can reach $100 by summer.
Though its earnings report contains some bright spots, Cisco was unable to sidestep the telecom capex issues that have stung many peers. Weak enterprise switching demand also didn't help.
A string of downbeat earnings reports suggests weak telecom capital spending will take a toll on many companies. That includes some optical component high-flyers.
Performance anxiety and complacency are supporting this slow uptrend.